Corporate America Races Ahead On Net Zero As White House Steps Back
The post Corporate America Races Ahead On Net Zero As White House Steps Back appeared on BitcoinEthereumNews.com. GILLETTE, WY – JUNE 13: Heavy vehicles stop moving as a timed detonation brings down a wide coal face at the Buckskin Coal Mine, on June 13, 2006 in Gillette, Wyoming. The open pit Buckskin Mine is a medium size operation owned and operated by Kiewit Mining Group. The mine produces 20 million tons of low sulfur and low BTU coal per year. Wyoming’s Powder River Basin coal sells for on average $6.50 per ton compared with high sulfur, high BTU Appalachian coal, now at over $60 per ton. The coal is transported by rail east to St. Louis, Detroit, Chicago and eventually the eastern US or by barge down the Mississippi River for power generation. (Photo by Robert Nickelsberg/Getty Images) Getty Images While the U.S. government has scaled back its formal net-zero ambitions, Corporate America is pressing forward. More than half of the largest U.S. firms now have plans to become carbon neutral, according to the 2025 Net Zero Tracker, which analyzes nations that are parties to the UNFCCC. The Tracker shows that net zero is no longer just about cutting emissions—it’s now a matter of global competitiveness. Economic incentives match or exceed environmental and reputational ones. While Main Street companies are pushing forward on net zero, financial institutions are largely holding back, with major banks retreating from collective climate commitments. The study highlights eBay, Merck, and Goodyear as companies making a strong effort to eliminate all greenhouse gas emissions. “U.S. companies know they need to keep pace with the EU, China, and other regions where climate policy is increasingly shaping competitiveness. Net zero is less a political battleground and more a race to secure future markets, investment, and jobs,” said Thomas Hale, professor of global public policy at the Blavatnik School of Government at Oxford University, in a…
The post Corporate America Races Ahead On Net Zero As White House Steps Back appeared on BitcoinEthereumNews.com.
GILLETTE, WY – JUNE 13: Heavy vehicles stop moving as a timed detonation brings down a wide coal face at the Buckskin Coal Mine, on June 13, 2006 in Gillette, Wyoming. The open pit Buckskin Mine is a medium size operation owned and operated by Kiewit Mining Group. The mine produces 20 million tons of low sulfur and low BTU coal per year. Wyoming’s Powder River Basin coal sells for on average $6.50 per ton compared with high sulfur, high BTU Appalachian coal, now at over $60 per ton. The coal is transported by rail east to St. Louis, Detroit, Chicago and eventually the eastern US or by barge down the Mississippi River for power generation. (Photo by Robert Nickelsberg/Getty Images) Getty Images While the U.S. government has scaled back its formal net-zero ambitions, Corporate America is pressing forward. More than half of the largest U.S. firms now have plans to become carbon neutral, according to the 2025 Net Zero Tracker, which analyzes nations that are parties to the UNFCCC. The Tracker shows that net zero is no longer just about cutting emissions—it’s now a matter of global competitiveness. Economic incentives match or exceed environmental and reputational ones. While Main Street companies are pushing forward on net zero, financial institutions are largely holding back, with major banks retreating from collective climate commitments. The study highlights eBay, Merck, and Goodyear as companies making a strong effort to eliminate all greenhouse gas emissions. “U.S. companies know they need to keep pace with the EU, China, and other regions where climate policy is increasingly shaping competitiveness. Net zero is less a political battleground and more a race to secure future markets, investment, and jobs,” said Thomas Hale, professor of global public policy at the Blavatnik School of Government at Oxford University, in a…
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